Health Insurance -- 7 Ways To Reduce Cost

There are things that will help you make massive savings without putting compromising quality. Would you like to know them? If so, these suggestions will help you reach that goal...

1. People with excess weight attract far higher rates than individuals with normal weights. An insured's Body Mass Index (BMI) is an important factor that affects what a person pays as rate.

If your Body Mass Index rating is high, your rates will be high. When your BMI rating is high it simply means that your weight is too much for your height. Put more effort into shedding excess weight as losing as little as a few pounds could give you another Body Mass Index rating and result in cheaper premiums.

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2. Using tobacco in any form will increase your rates. For instance, you will pay a more expensive rate if you chew or snuff tobacco.

So, you will help yourself get less expensive rates if you stay away from tobacco use in any form.

3. A bad driving record can make you pay higher health insurance rates. Speeding tickets and other traffic offences can effectively increase your health insurance premium. An individual who drives recklessly will more likely make a claim soon as they are more likely to need medical attention.

You will reduce your rates if you cultivate a better culture behind wheels. Sports cars and power bikes will increase your premium since they make you a bad risk. The higher likelihood of a crash means you could be injured and have to make a claim.

4. Don't become shortchanged by the lowest quote as you shop for low cost health insurance. You want a cheap rate that also offers the right value. Based on a number of factors, you can get really low quotes that offer you the value you are after if you shop well. But in situations where you don't see the right value in the lowest rate, you will be making the right decision if you pay more to be certain you truly get the quality of coverage that is right for you.

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5. Opting for catastrophic health insurance plans will help you save a lot in health insurance and is your best bet if you are the consistently healthy type. This kind of policy is useful for you if you suddenly fall sick or are involved in an accident.

The good thing about this policy is usually appreciated in situations where the illness or accident makes the patient incur very high medical bills that would otherwise wipe out most people's life savings. The premium you pay for catastrophic health insurance is really affordable.

However, bear in mind that the deductibles are as high as $2,000. Be that as it may, you'll be glad to contribute that little if your medical bills total as high as $50,000. This is where this plan truly excels.

6. A Flexible Spending Account is helpful as you look for ways to reduce your spend. You can save tax-free dollars to cater for your health needs. Any amount unused could be carried over into the succeeding year (still tax free). This gives you a tax free way of building big reserves of funds to cater for your future health needs.

Affordable Health Insurance

7. Quit drinking if you want affordable rates. Alcoholics spend more on health insurance.

Many diseases are made more likely by taking alcohol.

What quantity of alcohol is ok for you? I cannot really say as there are people who can take a bottle and still be okay while some will drink just a sip and things start going wrong.

What I'm sure of is the fact that quitting alcohol abuse is good for you. If you cannot stay away totally, drink in moderation if you want to bring down your risk to insurers.

The only problem is that people who say they can't help drinking most often can't drink in moderation. Seek help if you want to stop drinking alcohol. There are groups that help alcoholics quit drinking.
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